Question 1

What is FOREX?

Accepted Answer

FOREX is the protocol token of handle.fi, not a stablecoin pegged to any particular fiat currency. handle.fi is a multi-currency stablecoin protocol; in its design, FOREX connects governance, participation incentives, and liquidity-related incentives. Therefore, FOREX's uses should be understood together with the protocol's participation rules. It does not itself represent a holder's right to redeem a fiat currency at a fixed ratio, nor should it be confused with the fxToken stablecoins issued by the protocol.

Question 2

What is veFOREX used for?

Accepted Answer

veFOREX is governance power formed from FOREX and is used to participate in handle.fi protocol governance. The official tokenomics also links veFOREX to reward boosts for designated protocol-contribution activities, with a maximum boost of up to 2.5x. This does not mean “simply holding FOREX automatically provides the maximum reward.” The reward boost depends on whether a participant forms veFOREX according to protocol rules and whether their activity falls within the applicable contribution or incentive scope; governance power and reward eligibility should also be understood separately.

Question 3

Is FOREX issuance fixed?

Accepted Answer

FOREX supply is not permanently fixed at 420 million tokens. The tokenomics specifies that 420 million tokens are minted over the initial 182 weeks; after that stage ends, supply enters a terminal inflation mechanism of 2.1% per year. Two stages need to be distinguished here: 420 million describes the quantity in the initial minting stage, while 2.1% describes the rule under which supply continues to grow afterward. The actual use of subsequently issued tokens should still be understood in light of the protocol's emission and incentive arrangements at the time; the initial quantity should not be misread as an absolute total-supply cap.

Question 4

How is FOREX's initial allocation arranged?

Accepted Answer

In the initial allocation, protocol rewards are the largest portion, accounting for 41.1%. This portion is intended for protocol activities such as collateral-vault stakers, fxToken minters, and participants in liquidity and governance pools, indicating that a core use of token emissions is to incentivize capital and participation within the protocol. The remaining allocation also covers the team and advisors, strategic partners, the community TGE, and DAO and community rewards. Allocation categories indicate intended reserved uses; they do not mean tokens in every category are all circulating at the same time. Specific vesting or emission rules must also be considered when assessing supply effects.

Question 5

How are FOREX, veFOREX, and protocol incentives connected?

Accepted Answer

FOREX's governance and reward design links the token to protocol participation: users must first acquire FOREX and form veFOREX according to the rules before participating in the corresponding governance; for applicable contribution activities, veFOREX may then increase reward multipliers by up to 2.5x. At the same time, initial protocol rewards and terminal inflation provide sources of tokens for ongoing incentives. These mechanisms explain how the protocol distributes participation incentives; they do not constitute a promise of token price, fixed yield, or returns that any individual will necessarily receive.

Question 6

How can the official FOREX token be identified?

Accepted Answer

The official contracts page lists the FOREX address as 0xDb298285FE4C5410B05390cA80e8Fbe9DE1F259B. Before using a wallet, block explorer, or any third-party interface to interact with the token, this address on the official page should be used as the reference for verification. Names and tickers can be imitated; the name “FOREX” alone cannot confirm an asset's identity. Address verification can help identify the officially listed contract, but it cannot replace independent verification of transaction approvals, network selection, and third-party interfaces.

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